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oil and gas

'This will encourage the world to go for green solutions': Boris Johnson touts plan for fresh UK energy supply strategy

Politics

'This will encourage the world to go for green solutions': Boris Johnson touts plan for fresh UK energy supply strategy

UK may look to domestic oil and gas sources to reduce reliance on Russia in short term, but Prime Minister insists government will not be abandoning net zero transition

clock 07 March 2022 • 6 min read
'Presumption against exploration': Tougher climate tests needed for new oil and gas projects, UK climate advisors warn

Policy

'Presumption against exploration': Tougher climate tests needed for new oil and gas projects, UK climate advisors warn

UK's climate advisors warn ‘climate compatibility checkpoint’ planned by Ministers for future oil and gas extraction projects must be made tougher, but stops short of calling for an end of exploration

clock 23 February 2022 • 10 min read
'The science is clear': HSBC aims to cut oil and gas clients' emissions by a third by 2030

Investment

'The science is clear': HSBC aims to cut oil and gas clients' emissions by a third by 2030

Banking giant unveils fresh goals for emissions on its balance sheet as it steps up efforts towards its 2050 net zero target

clock 22 February 2022 • 4 min read
'Incompatible': Climate targets render billions of barrels of North Sea oil 'unextractable', analysis claims

Energy

'Incompatible': Climate targets render billions of barrels of North Sea oil 'unextractable', analysis claims

Fresh analysis from UCL argues oil and gas extraction from the North Sea would have to fall year on year in order to align with 1.5C, but the government remains steadfast in support for the sector

clock 16 February 2022 • 6 min read
Why rising oil prices risk setting 'stranded asset trap' for fossil fuel developers

Energy

Why rising oil prices risk setting 'stranded asset trap' for fossil fuel developers

Oil prices may have surged in recent months, but investing in new fossil fuel projects risks 'catastrophic levels of value destruction' when prices fall, new Carbon Tracker analysis warns

clock 27 January 2022 • 7 min read
ExxonMobil vows to achieve 'net zero' operations by 2050

Energy

ExxonMobil vows to achieve 'net zero' operations by 2050

But oil major fails to establish targets for Scope 3 emissions that account for at least 85 per cent of its total emissions output

clock 19 January 2022 • 2 min read
Research: Oil and gas recruiters struggling to fill job roles as workers eye renewables

Skills

Research: Oil and gas recruiters struggling to fill job roles as workers eye renewables

Poll of nearly 17,000 energy companies, workers and recruiters reveals more than half of oil and gas workers who want to leave industry are eyeing a future career in renewables

clock 01 December 2021 • 2 min read
'Net Zero Standard for Oil and Gas': Inside the new guidebook for fossil fuel company transition plans

Investment

'Net Zero Standard for Oil and Gas': Inside the new guidebook for fossil fuel company transition plans

Leading oil and gas companies and major investors have published a set of principles oil and gas companies should follow if they want to align with net zero goals - but what constitutes a credible plan?

clock 15 September 2021 • 7 min read
'Hypocrisy': Why top banks are getting slammed for working with Cambo oil field operators

Investment

'Hypocrisy': Why top banks are getting slammed for working with Cambo oil field operators

ClientEarth warns banks that fail to cut ties with firms engaged in oil and gas development face myriad reputational, litigation, and transition-related risks

clock 14 September 2021 • 5 min read
Are fossil fuel giants wasting trillions of dollars on business-as-usual strategies?

Risk

Are fossil fuel giants wasting trillions of dollars on business-as-usual strategies?

Carbon Tracker deep-dive into the risks facing oil and gas investments is corroborated by study in Nature that warns overwhelming majority of fossil fuel reserves must stay in the ground to cap global temperatures in line with global goals

clock 09 September 2021 • 7 min read
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